Wednesday, 04th March 2020

Saudi Cement Co. announces its Annual Financial Results for the Period Ending on 2019-12-31.

Sales/Revenue 1,441.6 1,119.6 28.76
Gross Profit (Loss) 649.8 538 20.78
Operational Profit (Loss) 491 416.8 17.802
Net Profit (Loss) after Zakat and Tax 451.4 400.5 12.709
Total Comprehensive Income 441.1 406.5 8.511
Total Share Holders Equity (after Deducting Minority Equity) 2,729.7 2,787.1 -2.059
Profit (Loss) per Share 2.95 2.62

All figures are in (Millions) Saudi Arabia, Riyals

Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to The reasons for the increase of current year net profit compared with last year is increase in sales, in spite of the increase in general and administrative expenses, increase in selling and distribution expenses, increase in financing charges, decrease in share in net results of associates and decrease in other income.
Basis of the External Auditor’s Opinion Unmodified opinion
Reclassification of Comparison Items N/A

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